[TUTORIAL CHAPTER 3: PROMISSORY NOTES & BANK

DEC 2015 DISCOUNT]

1) OCT 2015
a)
D= 200; t = 120 days
b)
i) 2 February 2014
ii) 8700.22
2) MAC 2015
a)

i) 23 July 2014
ii) 8606.25
iii) 4.44%

b)

i) 13157.89
ii) 3157.89

3) SEPT 2014
a)

Refer the lecture notes

b)

i) 11 Nov 2012
ii) 7087.50

c)

i)6795
ii) 27 days; 39.05%

4) MAC 2014
a)
i) 5 Dec 2012
ii) 2066
b)

i) 1965; 35
ii) 8.91%

5)
a)
b)
c)

5 July 2014
6602.92
102.92

6)
a)
b)
c)

185.63
5314.37
13.97%

It always seems impossible until its done.

[TUTORIAL CHAPTER 3: PROMISSORY NOTES & BANK

DEC 2015 DISCOUNT]

It always seems impossible until its done.